A Deadline is coming up on July 13, 2015 in the lawsuit for investors in Global Power Equipment Group Inc (NYSE:GLPW) and NYSE:GLPW stockholders should contact the Shareholders Foundation.

San Diego, CA -- (SBWire) -- 07/13/2015 --A deadline is coming up on July 13, 2015 in the lawsuit filed for investors of Global Power Equipment Group Inc (NYSE:GLPW) over alleged securities laws violations by Global Power Equipment Group Inc.

Investors who purchased shares of Global Power Equipment Group Inc (NYSE:GLPW) have certain options and there are strict and short deadlines running. Deadline: July 13, 2015. NYSE:GLPW stockholders should contact the Shareholders Foundation at mail@shareholdersfoundation or call +1(858) 779 - 1554.

According to the complaint filed in the U.S. District Court for the Northern District of Texas the plaintiff alleges on behalf of purchasers of Global Power Equipment Group Inc (NYSE:GLPW) common shares between March 9, 2015 and May 6, 2015, that the defendants violated Federal Securities Laws. More specifically, the plaintiff claims that that Global Power Equipment Group's cost of sales in its financial statements for the annual period ended December 31, 2014 were understated, that Global Power Equipment Group Inc lacked adequate internal controls over its financial reporting, and that as a result of the foregoing, Global Power Equipment Group's financial statements were materially false and misleading at all relevant times.

On May 6, 2015, Global Power Equipment Group Inc announced that its financial statements for the annual period ended December 31, 2014 should not be relied upon and will be restated due to errors resulting in an understatement of the Company's cost of sales in the quarterly and annual periods ended December 31, 2014. Shares of Global Power Equipment Group Inc (NYSE:GLPW) declined on May 12, 2015, to as low as $7.57 per share, respectively to as low as $7.11 per share on July 9, 2015.

Those who purchased shares of Global Power Equipment Group Inc (NYSE:GLPW) have certain options and should contact the Shareholders Foundation.

Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com